Can I retire at age 65 with 2,360,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$194,887$193,151$191,457$189,804$188,190$181,730
2 years$96,479$94,682$92,940$91,252$89,614$83,171
3 years$63,680$61,876$60,139$58,466$56,855$50,632
4 years$47,284$45,485$43,765$42,121$40,549$34,594
5 years$37,449$35,661$33,964$32,353$30,825$25,153
6 years$30,895$29,120$27,448$25,873$24,391$19,006
7 years$26,215$24,455$22,809$21,272$19,836$14,738
8 years$22,706$20,962$19,344$17,844$16,456$11,641
9 years$19,979$18,251$16,661$15,199$13,858$9,319
10 years$17,798$16,088$14,525$13,102$11,808$7,538
11 years$16,015$14,322$12,788$11,403$10,155$6,146
12 years$14,531$12,855$11,349$10,002$8,800$5,043
13 years$13,275$11,617$10,140$8,830$7,674$4,158
14 years$12,200$10,559$9,110$7,838$6,727$3,443
15 years$11,269$9,646$8,226$6,990$5,923$2,859
16 years$10,456$8,850$7,458$6,259$5,235$2,381
17 years$9,738$8,151$6,786$5,624$4,642$1,988
18 years$9,102$7,532$6,195$5,068$4,127$1,662
19 years$8,532$6,980$5,671$4,580$3,679$1,392
20 years$8,021$6,486$5,205$4,148$3,286$1,167
21 years$7,559$6,042$4,787$3,764$2,940$979
22 years$7,139$5,640$4,412$3,423$2,636$823
23 years$6,756$5,275$4,074$3,117$2,366$692
24 years$6,406$4,942$3,768$2,843$2,127$582
25 years$6,084$4,638$3,490$2,596$1,914$490
26 years$5,788$4,359$3,236$2,374$1,724$412
27 years$5,514$4,102$3,005$2,173$1,554$347
28 years$5,260$3,866$2,794$1,991$1,402$293
29 years$5,024$3,647$2,600$1,826$1,266$247
30 years$4,804$3,444$2,422$1,675$1,144$208
31 years$4,599$3,256$2,258$1,539$1,034$175
32 years$4,407$3,080$2,106$1,414$936$148
33 years$4,226$2,917$1,967$1,300$847$125
34 years$4,057$2,765$1,838$1,197$767$105
35 years$3,898$2,622$1,718$1,101$694$89
36 years$3,748$2,489$1,607$1,014$629$75
37 years$3,607$2,364$1,504$935$570$63
38 years$3,473$2,247$1,409$862$517$53
39 years$3,346$2,136$1,320$794$469$45
40 years$3,226$2,033$1,237$733$425$38
41 years$3,113$1,935$1,160$676$386$32
42 years$3,005$1,843$1,088$624$350$27
43 years$2,902$1,756$1,021$576$318$23
44 years$2,804$1,674$958$532$288$19
45 years$2,711$1,596$900$491$262$16
46 years$2,622$1,522$845$454$238$14
47 years$2,537$1,453$794$419$216$12
48 years$2,456$1,387$746$387$196$10
49 years$2,378$1,324$701$358$178$8
50 years$2,304$1,265$659$331$162$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,360,000, adding $6,916 every year, while hoping to spend $36,347 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/31/23 Blend
64$2,360,000$2,360,000$2,360,000$2,360,000
65$2,607,854$2,482,774$2,446,194$2,710,321
66$2,835,182$2,565,757$2,489,468$2,866,028
67$3,084,479$2,651,588$2,532,974$3,030,740
68$3,357,949$2,740,368$2,576,681$3,208,714
69$3,658,016$2,832,202$2,620,556$3,401,208
70$3,987,352$2,927,199$2,664,564$3,609,601
71$4,348,902$3,025,472$2,708,667$3,835,415
72$4,745,908$3,127,138$2,752,825$4,080,322
73$5,181,941$3,232,318$2,796,995$4,346,161
74$5,660,935$3,341,138$2,841,131$4,634,957
75$6,187,226$3,453,729$2,885,184$4,948,939
76$6,765,588$3,570,227$2,929,103$5,290,558
77$7,401,282$3,690,771$2,972,832$5,662,514
78$8,100,103$3,815,510$3,016,312$6,067,779
79$8,868,436$3,944,592$3,059,481$6,509,624
80$9,713,317$4,078,177$3,102,273$6,991,651
81$10,642,494$4,216,427$3,144,619$7,517,824
82$11,664,508$4,359,511$3,186,443$8,092,510
83$12,788,766$4,507,606$3,227,667$8,720,517
84$14,025,635$4,660,893$3,268,208$9,407,139
85$15,386,535$4,819,563$3,307,979$10,158,206
86$16,884,051$4,983,811$3,346,886$10,980,141
87$18,532,049$5,153,842$3,384,831$11,880,014
88$20,345,806$5,329,868$3,421,711$12,865,615
89$22,342,156$5,512,109$3,457,416$13,945,523
90$24,539,647$5,700,794$3,491,831$15,129,189
91$26,958,719$5,896,161$3,524,835$16,427,020
92$29,621,890$6,098,455$3,556,299$17,850,482
93$32,553,977$6,307,933$3,586,089$19,412,208
94$35,782,322$6,524,861$3,614,062$21,126,109
95$39,337,055$6,749,515$3,640,069$23,007,514
96$43,251,377$6,982,183$3,663,953$25,073,310
97$47,561,870$7,223,163$3,685,549$27,342,098
98$52,308,847$7,472,765$3,704,682$29,834,375
99$57,536,730$7,731,311$3,721,169$32,572,718
100$63,294,467$7,999,135$3,734,818$35,582,005